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AWARDS: CALL FOR APPLICATIONS
What is a Power Broker®?
A Risk & Insurance® Power Broker® is an individual who stands out
among their peers for the exceptional client work they delivered over
the past year. While brokers play many key roles in the insurance
industry and risk profession, a Power Broker® award recognizes
problem solving, customer service and industry knowledge. Our goal
is to broadly recognize and promote outstanding risk management and
customer service in the brokerage community. Therefore, we don’t
select a single winner but instead recognize four to six winners in 25
different industry categories.
The focus is on the individual broker
Creativity and problem solving are critical success factors independent
of firm or account size. Therefore, neither the size of a broker’s firm
nor the size of an account is an important criteria for the Power
Broker® program. We strongly encourage all brokers to apply.
Who selects the winners?
A Power Broker® is selected based upon
the strength of client testimonials.
Risk & Insurance® editors and writers
collect and choose the most compelling
testimonials based on the award criteria.
What criteria are used to select
winners?
It is very important to note that
Power Broker® is focused on recent
accomplishments. Certainly the below
criteria could be demonstrated through
the arc of an entire career, but for this
program we strive to highlight recent
challenges and solutions. This approach is utilized for the benefit of
our readers who most value learning about challenges and solutions to
current problems. The criteria are:
• Risk Solution (50%): What specific challenge did a client face and
how did the applicant/nominee solve that problem?
• Customer Service (25%): Does the applicant/nominee demonstrate
a commitment to primarily serve the interests of their clients?
• Industry Knowledge (25%): Is the applicant/nominee committed
to mastering the industry category they work in?
Nomination process
Applications/nominations (referred to below as simply “applications”)
are accepted from any source including a client, insurer, brokerage
firm, service provider or individual broker. Since the client testimonial
is most important for judging, the source of the application does not
impact an applicant’s chance of winning.
We require an application form to be completed in order to capture
profile information, an overview of the problem/solution and client
contact information. Provide enough information to give our editors
an overview of you and your accomplishment but don’t feel compelled
to write overly long responses. Think concise and factual.
Important Note Regarding Confidentiality: We are very conscious
of the sensitive nature of the information provided. Client references
listed on applications and contacted by judges may choose to be
on or off the record. This includes the client name, company name
and additional identifying information. All other information on
the application will be considered on-the-record unless specified
otherwise.
Judging process
Judges consisting of Risk & Insurance® editors and/or writers are
appointed for each industry category. All of the applications in a
category are first reviewed by the judges to provide an overview of the
field and to ensure that the applications
are complete. Client references listed
on the applications are then contacted
and interviewed.
A summary of the interview along with
an evaluation form is completed by the
judge performing the interview. Once
all interviews are complete, the judging
team meets to review all the interviews
and evaluations. The four to six brokers
that received the strongest client
referrals based on the award criteria are
named a Power Broker®.
How to apply or nominate a colleague
To apply directly for the Power Broker® Award or nominate a
colleague, please visit www.riskandinsurance.com for an application
and full program details.
Publication
Winners are first announced in the February print issue of Risk &
Insurance®. The information is also posted on the Risk & Insurance®
website, eNewsletter, web digital edition and iPad/iPhone Apps. A
profile highlighting each Power Broker’s accomplishments along with
a head-shot is presented by industry category.
Award Boxes
A few weeks after the winners are announced, each Power Broker®
receives a box with a copy of the print issue, an award plaque and
additional information.
SUBMISSION DEADLINE:
OCTOBER 19, 2018
Rising Star Designation
Rising Stars are Power
Broker® winners and
finalists who are
recognized as future
leaders of the industry.
Risk & Insurance®
celebrates these Rising Stars for their creativity,
exceptional customer service and industry
knowledge in finding solutions for their clients.
